The $5.2bn is split between a $2.2bn six-year term loan B-1 and a $3bn three-year term loan B-2. The six-year tranche will have standard 1% amortization, while the shorter-dated tranche amortizes at 10%, they said.

Earlier this week, Icahn repeated his interest in owning Dell, saying in a telephone interview with Thomson Reuters LPC on Tuesday that he was moving forward with his plans to line up $5.2bn in credit facilities. His comments echoed statements he made earlier that day in an open letter to Dell shareholders.

'Nothing has changed regarding the financing', Icahn said in the interview. 'We expect to have $5.2bn in the next couple of weeks. Our investment bank is already committing $1.6bn and my affiliates and I would provide $2bn, if necessary'.